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dc.contributor.authorMilanesi, Gastón S.-
dc.contributor.authorPesce, Gabriela-
dc.contributor.authorEl Alabi, Emilio-
dc.description.abstractStrategic asset valuation is a complex problem which influences the decision making in companies, such as decisions to differing or selling a project. Uncertainty takes over the manager when defining the attributes of the density function representing values that could assume the asset in the future. In this paper, we include not only its mean and variance, but also stochastic higher moments of this function (asymmetry and kurtosis). This paper is original since we prove how strategic decisions are subject to the impact of higher moments in the expanded value of assets. This is why we include a detailed sensitivity analysis to clarify changes in valuation because of the influence of asymmetry (ε) or kurtosis (κ) on the underlying asset distribution. Hence, we obtained theoretical solutions to asset valuations that would have been impossible to solve.es
dc.format.extent11 págs.es
dc.publisherBetter Advances Press. Academic Research Centre of Canadaes
dc.rightsAtribución – No Comercial – Sin Obra Derivada (BY-NC-ND) No se permite un uso comercial de la obra original ni la generación de obras derivadas. Esta licencia no es una licencia libre, y es la más cercana al derecho de autor tradicional.-
dc.subjectStrategic assetes
dc.subjectEdgeworth expansiones
dc.subjectContinuous timees
dc.subjectReal optiones
dc.subjectFirm valuationes
dc.subjectBlack-Scholes Modeles
dc.titleStrategic asset valuation and higher stochastic moments: an adjusted Black-Scholes Modeles
dcterms.isPartOfJournal of Contemporary Management. Better Advances Press. Academic Research Centre of Canadaes
uns.author.affiliationFil: Milanesi, Gastón. Universidad Nacional del Sur. Departamento de Ciencias de la Administración. Argentina.es
uns.author.affiliationFil: Pesce, Gabriela. Universidad Nacional del Sur. Departamento de Ciencias de la Administración. Argentina.es
uns.author.affiliationFil: El Alabi, Emilio. Universidad Nacional del Sur. Departamento de Ciencias de la Administración. Argentina.es
uns.bibliographicCitationMilanesi, G. S., Pesce, Gabriela, El Alabi, Emilio (2015). Strategic Asset Valuation and Higher Stochastic Moments: An Adjusted Black-Scholes Model. Journal of Contemporary Management. vol. 4, no. 3 pp. 95-106. Disponible en: http://repositoriodigital.uns.edu.ar/handle/123456789/4260es
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